Skip to main content

tv   Varney Company  FOX Business  February 7, 2014 9:20am-11:01am EST

9:20 am
♪ it's such a feeling that my love, i can't hide, i can't hide, i can't hide ♪ ♪ imus in the morning ♪ >> i'm charles payne, stuart is going to be back on monday, but for today, here is the big story. another weak jobs report. just 113,000 jobs created in january. get ready for the white house blame game. their culprit this time? the weather. but the market will open higher. janet to the rescue? tim cook puts his money where his company is, buying 14 billion shares of his own stock. he's betting on apple. should you? is president obama changing the law yet again? he may let you keep your existing health plan for three
9:21 am
years. now, that might be good for you, but is it good for democrats in november, too? or is it too little too late? it's a big day, lots to go. "varney & company," we're about to begin. it told him what wahappening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. there's nothing like being your own boss! and my customers are reall liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title.
9:22 am
and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex.
9:23 am
a jobless winter. only 113,000 jobs added last month and december's dismal report was revised upward, but still, combined less than 200,000 jobs have been created in the past months. the participation rate did increase a little bit, but hovering at 36 year lows and we have reaction from every single angle coming up throughout the program, including a market, believe it or not, that's going to open higher. the olympic opening ceremonies will air tonight, but the problems at sochi are well-documented and there are issues with the actual performances now of the athletes. here is the latest. three american figure skate ers
9:24 am
stumbled putting them in jeopardy of missing sunday medal round. and bob costas seems to have contracted some sort of russian pink eye. reports about the dirty water might be be true and if that wasn't enough, you've got to listen to what he said about russian president vladimir putin. quote, just in the past year putin brokered a deal to allow syria to avoid u.s. military strikes by giving up chemical weapons and help to bring iran to the table. he's calling putin the peace maker, i bet you monica crowley will have a lot to say about that. the olympic figure skating champion kristi yamaguchi. she's going to tell us what's going on in russia. and we're down 100 points and a lot of people thinks it's janet yellen to the rescue. speaking of coming to the rescue, tim cook betting on and
9:25 am
pell. should the stock be going up? and should you be betting on it, too? [ chilen yelling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ lennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here anpay no taxes for ten years...
9:26 am
we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. [do more than ever before wit all-new intuitit.ickbooks. we're open to it. make any place your place of business with it. get paid fter with it. run payroll with it. sync this stuff with that stuff with it. make more time for what you lov. turn on only what you need wh it.
9:27 am
sample from our smorgasbord of apps with it. take in the big picture with it. see your finances in a whole n way with it. this is your business on the all-new quickbooks. run with it. millions have raised their hand for the proven relief of the purple pill. and that relief could be in your hand. for many, nexium helps relieve heartburn symptoms from acid reflux disease. find out how you can save at purplill.com. there is risk of bone acture and low magnesium levels. side effects may include headache,
9:28 am
abdominal pain, and diarrhea if you have persistent diarrhea, contacyour doctor right away. other serious stomach conditions may exi. avoid if you te clopidogrel. for many, relief is at hand. ask your doctor abouxium. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. > >> the last show for real. i don't need to be fired thee times, i get the hint. i don't hike goodbyes.
9:29 am
nbc, i don't, i don't care for them. charles: that was jay leno taking one last jab at nbc on his final tonight show appearance. his 22-year-old run coming to an end. we're a minute away from the opening bell. joining us now is scott shellady. less than 200,000 jobs created in the past two months and your i know you're not happy about this. >> i'm not happy about this. there's two people i wouldn't want to be number one is edward snowden and number two, janet yellen. what is she going to do with what she's got before her, you can't taper the taper. and we've proven that free money is not going to make these guys hire people. they buy their stock back. i think that american business is telling us they're not quite sure of a recovery. they're worried about us slipping back and they don't know when, if there is going to be a recovery if it would happen. so we're in trouble here and i think it's going to be a precarious, two or three months
9:30 am
coming forward. charles: we're' going to talk about yellen a lot in the show today, but is this a bit of stress. you remember how much ben bernanke complained about fiscal policy. if money printing alone is not going to do it the administration has to come on board at some point. >> we've got a deep underlying problem that we don't know about and the money printing of free money is not doing it. what's it going to be? american business is afraid we don't know. charles: thanks a lot. scott, one thing we know you're the best, buddy, happy trading. and you can hear the ringing of the opening bell. just 8:31 after that number came off the dow is off 100 points in the pre-market session and now we're up slightly in the open, but a remarkable turn around. let's bring in ed. and let's get to it. a horrible jobs report and the market is up a little bit. does a lot of this have something to do with janet yellen coming it to the rescue? >> i have no idea. i can't explain why the market is up. charles, this is a disaster.
9:31 am
these numbers reconfirm over and over again the obama agenda when it it comes to economics is a nightmare. it's not working. we need 350,000 net new full-time jobs to create enough tax revenue to pay for our ongoing businesses. we have in the trailing 12, 180. you're a smart guy, you did it well in school. that's a 51. if your kid game home with a 51, charles, you'd get a tutor. this is control off the lead, change everything. and make one quick point. we're talking about weather and some people are blaming the weather. real discussion should be whether we should continue down this path and we shouldn't. it's a nightmare. charles: let's say that someone looked at the numbers and a knee jerk reaction and the private sector was 142,000. construction was up huge, up 48,000, manufacturing didn't do too bad. people are coming back into the work force. maybe there are needles in the
9:32 am
haystack and we shouldn't be too hasty about this? >> you know what i say to them? blah, blah, blah, that's nonsense. why aren't we up over 350,000? that's what we need and our pai policy stink. we can do well if this is better, nothing is better. it's a disaster, bottom line we need to change things. charles: hold it there for a second because i want to go to the floor of the new york stock exchange. nicole, show us what stocks are actually leading the dow higher. >> boeing, general electric, intel, each gaining, hoping to lead the dow along. boeing is gaining, 1.2%, and ge up 3/4 of a percent and intel up more than 1/2 a percent. charles: thanks, nicole. we have a couple of other stocks in the news as well. linkedin reported last night and down the shares go. you can see 210 a share.
9:33 am
sandra, you know, you look at the report and the sort of guidance that disappointed, it's pretty positive. >> it's a very positive report. not only did they produce a profit, but beat expectations and the quarter was impress tiff and the outlook, and that's why we saw shares tanking yesterday. as we opened this morning. the big thing is the comparison thing with the social networking sites. and facebook proved they were doing very well on mobile, they had a spectacular quarter and linked in, while the quarter was great. they're looking forward into 2014 and say they don't think this success is going to continue and that comparatively is-- >> and i think, by the way, for the full disclosure, my subscribers are in the stock and we're holding onto it. to your point this is giving us winners and losers, facebook up, twitter down, linked in off a little bit, but they also seem to be very conservative. i'm not sure why, you know, but it feels like their guidance may be just a little bit
9:34 am
conservative. >> well, and the big question, with all of these networking sites. can they prove that they can add users on a monthly annual basis going forward? that's the big struggle and what the advertisers want to see. facebook was able to prove that. >> and apple, speaking of technology. investing in itself. buying back 14 billion of its own stocks and those shares have opened up and see what apple is. up $8, and ed, you're still with us, i want your take on apple. >> sure, i mean, apple is a phenomenal company, but what the think is, i don't know where to put this money. i don't have confidence in expanding my business in certain areas, we've got all of this cash. when you hear a stock buyback, that's good in a lot of ways, they awe like our stocks more than we like doing something else with that. when they buy it back they say we like our company, but don't see any acquisitions we want to make. i love apple, everything in my life is apple, i'm a big apple
9:35 am
fan. charles: what you're saying is sort of an indictment against tim cook. it seemed that steve jobs was never out of ideas or at a loss where to go. google, they're buying this, spinning this off. has this company limited itself to the stock, no one watches it anymore? >> well, i think because 14 billion is very small relative to their cash position. let's not mistake the fact that they're buying it back and they're probably going to make quickses to do other things along the way, but they can't figure out what to do with that cash. they make a lot of money and right now they don't like the environment around the world for expansion based on really what the earnings reports have told us. they're the not really that confident on what to do with that cash and that's why carl icahn is out there trying to push them. >> some people think this move was aappease icahn. they better do something because investors haven't liked them for a while. nicole, back to activision, what's going on there?
9:36 am
>> new high. 19.95. up almost 14% at the moment. up over $2. when you think of activision, think of the titles for video games such as call of duty, yes, that's in my home, sky landers, yes, also in my home, and the pipeline, it's all about the pipeline for 2014. new titles for call of duty and skylander series. now i know what i'll be buying this year. charles: it's good to get an early jump on your christmas shopping. >> great. charles: yesterday was christmas for green mountain. up huge. how is it doing today? >> it's down just 1/2 a percent,.8. coca-cola a stake, they want to make single serve carbonated and noncarbonated with tea and juice. charles: sandra and wi were talking about twitter, a horrific day. any bounce back.
9:37 am
>> it's opposed to yesterday, it's getting back 2 1/4%. a tough week for twitter. charles: thanks a lot. we talk a lot about tech driving the markets and driving the economy, it's the place it put your money. right now we're joined by billionaire investor who has a different way to actually invest in technology. carl burke joins us from mountainview, california and you take investing in tech further and say technology plus biology is the future. explain that. >> well, charles, it's-- excuse me, very happy to be on your program. no, i've been investing in technology for the last 40 years and i stayed away from biology, but and medical because that's the fda. i said, you know, if you have the fda adds another negative to your chance of succeeding. and suddenly, about six years
9:38 am
ago, i made a decision that i'm going to try and do something that will have an impact on the world and got involved in this company that basically has a revolutionary approach to doing medicine. and it's what we're doing, we're using biology and computer technology and software. and it's a revolutionary way to do it. charles: carl, that's a broad statement and sounds exciting, but you've got to give us more detail. revolutionary, what's it going to do? how? >> okay, basically, we take and analyze the disease. we take and look at people that are healthy and people that are not healthy and have that disease. then we take all of the data, we eliminate no data, we run this through stats and computer, supercomputer doing 41 trillion
9:39 am
transactions and we come up with targets for drugs and also targets to determine if people are going to get that drug. charles: so what you're talking about is designing specific medicines for individuals, designer applications for individuals and also being able to predict who will get what sort of disease before they get it and maybe taking appropriate treatment, is that what we're talking about? >> absolutely. you're absolutely right on and we're going to be able to do it in a much cheaper price. we have a lot fewer people that have to be involved. and basically, we get a -- we're using not chemical drugs like most-- 90%. charles: you're using biology. carl, we've got to let you go there, it sounds like an amazing venture. biology, technology will make all of our lives betterer. we wish you luck, appreciate it.
9:40 am
>> thank you. charles: and the stock is up despite that bad jobs report, what's your opinion, why do we have this reversal. >> and i want 0 counter ed butowsky's decision earlier in the show. i talked to a money manager, why would this go up? job participation rate. >> you mentioned it's the-- >> hovering around. >> hovering around the highest and looking for a catalyst in the rally market. that being said the bond market is up this morning as well. yields fell as low as 2.63%, charles, that doesn't indicate growth and there's a huge rotation out. charles: we've got them on the screen, it's down. >> out of u.s. stocks and into the bond market and city research looked at it and record inflow into the u.s. bond market, 14.8 billion dollars in the u.s.-- >> let's call it the great re-rotation because right now we're supposed to be getting out of bonds into stocks and who
9:41 am
knows why it happened. and we had the 10-year up. we're down just a little bit. hey, we're calling it a jobless winter and the white house will surely blame the weatherment our labor department insider is going to weigh in next. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can qukly undetand my charts, and spend more time trading. their quick trade bar lets my account follow me online plusmy local scottrade office sois there to help.eal-time. because they know i don't trade like everybody. i trade like me.
9:42 am
i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. buwith less ergy, moodines i had to do someing. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two wks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prtate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count,
9:43 am
common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
9:44 am
9:45 am
>> okay. let's check on the big board. you can see the dow up 77 points. back above 15,700. near what were formerly support numbers which will be serious resistance going on the upside. hey, time now for your morning gold report. gold hangening there, up $1.90.
9:46 am
1259. we're talking lower profit and disappointing outlook from cigna health care. those shares are down $7 almost 9%. 77.98 and ibm is exploring to selling the chip business sending the stock slightly higher. up almost $2. i want to get back this jobs report. we're calling it the jobless winter. the white house says, quote, if the labor market is moving in the right direction. charles: i'm not sure what direction they think is the right direction. but maybe paul conway knows, a former labor department chief of staff under george w. bush. we have one net jobs are moving in the right direction, but this is obviously a huge disappointment. >> it has to be a disappointment. look, last month one of the president's architects of his economic policy was on here saying one jobs report in one month does not tell a story. i think it's important to look at the trend line. labor force participation rate. if you go back and look, it's been stuck there.
9:47 am
62.8, 63%, the job creation number is low. it's very problematic because you need 150,000 jobs per month just to absorb new workers. so, it's very disappointing when you see the numbers coming in like they are today. even with adjustments, you're not hitting pace you need to just absorb new workers. charles: the market was off 100 points as a knee jerk reaction and started to come back. if we look at this objectively. what if someone said to you, paul, let's go beneath the hood. 142,000 jobs might be revised next month. 48,000 jobs, manufacturing jobs coming back and maybe we're missing something here. what would you tell them? >> what i would say, look, when you have a january jobs report and you have things thrown out there, like it's the weather and these other factors, fine, let's take a look at it again next month, but my point here still is this, you're not creating enough jobs to bring back those who have been unemployed for a long time and you're not
9:48 am
creating enough jobs to be absorb new workers. take a look at individual sector, for example, employment for young americans 18 to 29. if you look at those on the side line that's over 15%. 15.9%. look at bls data i think that is telling. the bls data for those young americans with a college degree, 50% are in jobs that don't require one and one third are in jobs that don't require a high school diploma. the problem is the economy is not expanding. you don't have the job creation and don't have the creation of jobs that train people to have the skills to manage people, budgets and projects for their next careers. charles: you're hitting on a lot of great points that i think obviously need to be discussed a lot more, particularly the skills gap and skills problem we have. i want to ask, everybody is pointing to the obama administration and i returned from madison, wisconsin, and spoke to a thousand business
9:49 am
leaders, it was amazing. people say please, let's have a cease-fire. is there any way to get traction in the economy if the president remains rigid with the policy? >> i don't think so. i don't think he's defending a philosophy, i think he's defending an ideology and the ideology places emphasis on government and government programs versus the individual and individual aspiration. and i think there are enough good people in the democratic party, in the republican party who could actually work together and say, look, there's an american ethic, which is hard work and that liberty does not equal dependency. i think what you heard with the cbo report was a white house spin somehow we're doing people a favor by making them more dependent. charles: it's bad enough we have the spirits and enough them out. thank you. tim armstrong isn't use today
9:50 am
controversy, but you're not going to believe who he's blaming for the rising cost of health care in his company. it's a mind-blower next. so ally bank has a raise your rate cd
9:51 am
that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. your money needs an ally.
9:52 am
9:53 am
>> a couple of analysts raising their price targets on expedia. hitting a new high, a huge session up 14%. strong profits at the gap. maybe stuart is there now loading up on new jeans helping
9:54 am
the stock at 7%, good earnings there. hey, maybe aol ceo tim armstrong should stay off the conference calls because he's made more controversial comments with thousands of employees listening in. here is a quote, that we had two aolars that had distressed babies that were born that we paid a million dollars each to make sure that the babies were okay in general and those are the kind of things that add up to our benefits costs. so when we had the final decisions to cut because of the increased health care cost we made the decision and i made the decision to basically change the 401(k) plan. now, remember, in the past it was just this past august in fact, that armstrong was this hot water for firing an employee during the conference call. sandra, this might up that one. >> let me translate what he said on that conference call. you all are going to see cuts to it your benefits because a couple of female employees had sick babies that drove up your health care costs or drove the costs of the company so he's
9:55 am
already tried to retract the comments and issued a statement to his employees saying how our company supports families when they're in need and we'll continue supporting members of the aol family. what a pr disaster, this guy. how is he at the helm of a major corporation. charles: a media corporation at that. a media corporation, we're not talking about somebody who never talks to the media and isn't friends with the anna winto yours and martha stuarts of the world. he's a pompous jerk. that's what it comes down to. he's the king of his fiefdom and he can say whatever he wants without consequences except there are starting to be some. >> of a working mother of an 8 month old baby i can say these comments are extremely sensitive. to single out two women working at the company on the conference call in this way, it's really disgusting. >> to the fellow employees, it's a shame. thanks a lot. we talk a lot about technology leading the way, but is there such a thing of too much
9:56 am
technology? do we really need a refrigerator that tells us we're out of eggs? we have a tech watcher who says, he yes, it's too much. and plus, you're taking your kids to see the new lego movie. if you are, beware, it's got an anti-business villain and that's the latest kid movie to do this. they're all doing it, by the way. in a power packed "varney & company," liz macdonald is here. stay tuned. [ male announcer ] e new new york is open. open to innovation. open to ambition. open to boids. that'why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a w business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs,
9:57 am
and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. and she might have if notor kari, the idtity thief who stole jill's social security number to open credit cds, destying jill's credit and her dream retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life.
9:58 am
this is identity theft. lifelock offers the most comprehensive idtityheft protection available. if jill ha lifelock's protection, she may have bn notified before it watolate. lifelock's credit nification service is on the job 24/7. as soon as they detect a threat to your identity within their network, they will alert you,rotecting you before t damage is done. and lifelock offers the proactive protection of checking and savings account takeover alerts. lifelock's comprehensive identity theft proion guards your social security nuer, your money, your cret, even the eqty in your home. it doesn't mattew old you are or how much money you have. identity thieves steal from everyone. you have to protect yourself. i prect myself with lifelock. [ male announcer ] while identity theft can't be completelopped, no one protects you better than lifelock. and lifelock stands behind their protection with the power of their $1 million service guarantee.
9:59 am
you have so much to protec and nothing to lose when you call felock right now and try 60 days of identity theft protection risk free. 60 days risk free. use promo code onguard. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. ♪ ♪
10:00 am
charles: it is a winter discontent and a jobless winter to boot. how is this for a dark story from the labor department. your taxpayer money is being wasted. another obamacare expansion. is that what is good for america? vladimir putin, the peacemaker? an amazing picture and that all of nick coverage. monica crowley is here. a disaster before the opening ceremonies. kristi yamaguchi will join us with that. the latest christmas movie with the antibusiness villain. buckle up. ♪
10:01 am
charles: let's take a look at the big board. sort of struggling. one hour ago we were down 100 points. not too bad. we are calling this the jobless winter. if you combined december and january that not enough jobs. a reminder of progress has been made. wait, there is more, the unemployment rate down to the lowest level in more than five years. no mention of the historic low participation rate. extending unemployment benefits to 1.7 billion people is crucial. monica, i want your reaction on that. >> that is what they have been fighting for. that is what the republicans were able to filibuster.
10:02 am
it is interesting that they keep using the word progress. it is the progressive policies that have been this huge wet blanket. we just celebrated reagan's birthday yesterday. he would have been 100 years old. charles: this kind of anemic job creation, and we do not even know how accurate these numbers are, is pathetic. they are always getting revised. everyone thought that december would be revised significantly. liz: it is sort of a curb your enthusiasm moment. as for the policy part of it, set aside the political atmosphere coming out of washington, d.c. when you look at the breakdown
10:03 am
of who is unemployed and the dropouts, the dropouts are continuing to drive that down. you have tens of thousands dropping out. these are the people that you need to help float health reform. i love the quote from gertrude stein. everyone get so much information that they lose their common sense. there is common sense thinking that needs to be in place. we should be well north of 200,000 jobs a month. >> the on -- unemployed have been liberated. >> they have been liberated from the health insurance also. charles: tuesday it was my money making pick how are those shares
10:04 am
faring? nicole: it hit a high of 69.97. it only helps the one-year number. charles: not too bad. thanks a lot. staffers at the labor department tell the national review that taxpayer resources and employee time are being wasted on frivolous projects like book clubs or the national poetry contest. they are always favored over long-time employees. the shenanigans began under held us to lease anchored to do under the new secretary. when you have someone come in and they put their people in place to mitigate that is
10:05 am
frustrating. >> the one series story that is underlined is these workers in the labor department and veterans affairs association and the epa and irs, they are full-time staffers doing full-time union work. charles: there is still something to be made. >> it is really something when the long-standing bureaucrats feel compelled to throw the political appointees under the bus. for them to come out and say that local the political appointees are being favored over us. of course. taxpayer dollars being used to fund their salaries, funded activities, fund the department.
10:06 am
we hear about these stories and report on bernie and company almost every week. they are running wild wasting our money. liz: they still want to raise our taxes rather than fixing a reform. charles: the obama administration is considering another extension of the existing health insurance expansion plans. it could be extended for an additional three years. is this just sort of an election year ploy? >> the timing hasn't based on political calculations. they frontloaded that stuff. the people would get this impression that it was good.
10:07 am
now they are starting to back load it after 2014. now this is the latest move to move some of the worst stuff. >> if you like your plan, you can still keep it. now they are realizing that the younger workers cannot afford insurance so they need these cheaper plans to come into the system. initially, the administration treated theee ads a rounding error. charles: expedia having a huge session.
10:08 am
nicole: they sold more airline tickets again. the stock is up almost 14% at the moment. it moved to a new high of 7545. charles: thanks a lot. the next big thing. all of these great things just by using your smart phone. do we really need all of this innovation in our lives? is there a point.
10:09 am
amazon, it was voluntary. they made it part of their overall future. people are saying it is ridiculous. >> back in 2011 they have their standalone app. it takes a picture of whatever item, a household item or product in store and it was just on amazon this is where you can buy it. now they are making it into the amazon app itself. charles: apparently, it does not work that well.
10:10 am
>> it suggests i bought a pack of eight of them for $64. >> $66? >> you would still have to go in and change that. there is still some lab work. charles: marc jacobs. they are letting users pay for products by tweeting or using instagram. i kind of like that. >> it is a really neat concept. it is in line with new york fashion week. it is basically strictly a promotion. you can take a picture of anything in the store.
10:11 am
you tweet out a picture and would you leave the store, you show your picture to somebody at the front and they will give you basically a prize. this is just for three days. it is basically a promotion to spread the word. >> i am intrigued by this. remember the movie line already report? >> you know what, i am geeky enough. charles: you tell me beforehand that you would not be interested in it. i want to talk about flappy bird. why is it so popular? >> i actually think that it is
10:12 am
so fresh rating it is creating so much rage that everyone is talking about it. it is an apt and you take your finger and you tap this tiny bird. you have to keep them afloat. very simple concept. it is really difficult. you want to keep going back. it creates all of this rage in you. >> are you saying that there is a new thing called game rage? [laughter] >> there is. i would probably try it get enraged and go to the refrigerator.
10:13 am
hollywood is at it again. >> let's take extra care to follow the instructions or you will be put to sleep. do not forget taco tuesday is coming next week. ♪ those litt things still get you.
10:14 am
cialis tadalafil r daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms of bph, like needing to go freently. tell yr doctor about all your medical conditions and medicines, and ask if your heart is healthenough for sex do not take cialis if youtake , as it may cause an unsafe drop in blood pressure.
10:15 am
do not drinklcohol in excess. side effects may include headac, upset stomach, delayed baache or muscle ache. to avoid long-term injury,gemy ifou have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breaing or swallowing, op taking cial and get mecal help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. there's nothing like being your own boss! and my custors are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. how did edward jones get so big?
10:16 am
t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of iesting. charles: get this, by netflix. those shares will be hitting an all-time high. the lego movie, i am sure that you heard about it. the latest example of hollywood pushing its anti-business message to kids. there is a villain named president business. take a listen to him. >> this could run a little bit deadly. charles: looks a little bit like
10:17 am
mitt romney. listen, hollywood has its own agenda. it feels a little bit more threatening when they start to push this out to our kids over and over. >> when you have movies based on characters and you are trying to find a villain within those characterizations, often times they had of those corporations is an easy target. charles: people go to work, they pay their rent, their mortgage, they put their kids to college, they give to charities, two churches, why when it is ceo p and easy target? >> it is a simple way. i am not saying it is the right thing to do.
10:18 am
paul newman was at the top of the corporation. kind of the evil one. lego, i think, is interesting. it does appeal hugely to kids. maybe it can start a debate within a household. i do not know if kids look at it that way, though. next week is actually more antibusiness. robocop is all about the big corporation taking over a city for evil purposes. >> paul, you are right to say that hollywood has long been dominated by the far left. we have seen these movies over the decades. do you think, i mean, for
10:19 am
hollywood it is all about the bottom line. they will hire a hollywood star if they think they can carry a movie and make money. i guess they believe this movie will make a lot of money. they can embed these kind of anti-populist. >> at the end of the day, these are big corporations that are producing these movies. they are making a lot of money off of these movies. it is all about capitalism. it is a free-market economy. movies are very powerful. >> he came up with history books, voting machines, dairy product and coffee industry. lego is really about building things. charles: here's the thing and we'll have to let you go.
10:20 am
we are talking about very young kids seeing this. it smacks a hypocrisy. i don't know, i think that there is something wrong with it, for sure. >> i think it is up for the parents to be the arbiters of what their kids see. if they like the message, take your kids. if they don't, do not go see it. at the end of the day, that is the most powerful tool that anyone has. charles: a lot of parents may not want their kids to hear the message. when you have three or four kids wanting to see the movie, you say, hey, we will take them. we will talk to you soon. here is another pop cultural phenomenon scaring the heck out of people and public and putting the video on the internet so it goes viral. the walking dead is just the
10:21 am
latest to do this. they put zombies in the subways in new york city. they scared people as they walked by. this is an extension of the whole -- this is kind of scary stuff. a zombie jumps out at you. >> it is really scary. i guess that is tte point. they had these candid cameras catching people's reactions. i think about the devil baby. >> i hated that. >> i hated it too, but it got us talking. they will start incorporating real people in these moments. >> i did not like the devil baby. charles: what about this on? >> i think that it is funny. charles: john kostas keeping a lot of praise on russian president, vladimir putin.
10:22 am
he was calling him a peacemaker. much more on this. ♪ or retiremt. but when we sta worrying about tomorrow, we missut on what matters today. ♪ at axa, we offer advice and help yobreak down yo retirement goals into small, manageable steps. ecause when you plan for tomorrow, it helps you live r today. can we help you take a sll ste foadvice, retirement, and life insurance, connect with axa. foadvice, retirement, can you start tomorrow? tomorrow we're booked solid. we close on the hoe tomorrow. tomorrow we go live... it a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves.
10:23 am
♪ see what's new at projectluna.com open to innovation. open to ambition. open to boldids. that's why york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years.. we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
10:24 am
we're open to it. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
10:25 am
charles: take a look at green mountain. remember they had a big brother yesterday. up again today.
10:26 am
now it is time for me to try and make you some money. lumbar liquidators. the guy has been on the show a couple of times. this guy is a real capitalist. i like the construction data i saw today. i feel like this stock is oversold. vladimir putin, he has been called a whole lot of things. peacemaker is not one of them. that is how bob costa portrayed him last night. he wrote a deal by giving up its chemical weapons and help bring iran to the table. >> this is bob costas kissing his hosts but. he will be in russia for the next two and a half weeks. i guess he feels compelled to
10:27 am
talk vladimir putin. vladimir putin is allies with america's enemies. >> he is a kinder -- >> what is did was rescue obama who's serial policy was messed up. they have not had a steady presence. charles: he was also able to rescue a sod. assad looks like you will certainly win. >> airbrushing the facts. he has harassed people. he has threatened people. he has vanished them. there is corruption in the government and the court system.
10:28 am
somehow that gets lost. charles: i find it very frustrating. i think that amir poulin is the most dangerous guy on the planet. not too long ago, he said he would never use the word redskins again. >> that bothers him. charles: how can that bother you? and then let amir poulin is a peacemaker. >> he spends his entire term of russia killing people. the list goes on and on. >> putting young women in gulags. charles: we could talk about this all day long. leading the market, leaving the economy, why are there so few women in the film? we will talk to one that actually started her own technology company. she is next.
10:29 am
10:30 am
[ male announcer ] meet mary. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you learall it may take is a little misplaced information to wreak havoc on your life. this is identity theft. d no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if mary had felock's bank account alerts, she may have been notified before it was too late. lifelock's edit notification service is on the job /7.
10:31 am
as soon as they detect a threat to your identity within their network, they will alert you, protecting you before the damage is done. lifelock has the most comprehensive identity theft protection available, guarding your social security number, your money, your credit, even thequity in your home. my years as a prosecutor taught me that we all need to protect ourselves from crime. in today's world, that includes identity tft. it's a serious problem. we all haveo protect ourselves. [ male announcer ] while identity theft can't be completely stopped, no one works harder to protect you than lifelock. you even get a1 million serve guarantee. that's security no one can beat. you have so much to protect and nothing to lose when you call lifelock right now and get 60 days of identity theft protection risk free. that's right. 60 days risk free. use promo code notme. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free
10:32 am
don't wait until you become the next victi ♪ ♪ of the morning.
10:33 am
a weak jobs report, a jobless winter. 200,000 jobs created in the past two months and the rally as we see up 85 points or down significantly from the high of 17. maybe janet yellen will not come to the rescue. liz: it is unclear how much the weather played on the report. analysts are saying it doesn't seem like the weather had an impact here. whether or not janet yellen come zinn, you got to pay attention to this. san francisco, federal reserve out with the study saying qe2, money printing had no discernible impact on the economy. maybe 0.1%. so you got to wonder, $6 trillion in fiscal spending. we are at a stagnant level. charles: just ask anybody on
10:34 am
main street. we have another big winner in the market. video gamemaker activevision up huge, the world of work that has been around for a while. it is up 14% on the screen. we said before the tax rules the market, rules the economy and our next guest is proof of this. joining us is ceo and founder bruce wanda. before i get to your company, we always talk, not us but a big time topic, women and technology, why so few. what is going on? >> has to do with the fact that many women are getting degrees relevant to tech. 2% of women getting engineering or computer science degrees. one thing we need to do is get more women studying that material landing urging them to start companies. charles: nothing nefarious, no old boys' network, no sex
10:35 am
involved, none of that at play, just a simple fact that more young girls and young ladies went to the right fields, opportunities waiting for them. >> there are obviously issues. it is a lot more than industries, i used to walk in finance. liz: you mean on merits? charles: this is the third industrial revolution except when you think about the first two they created so many jobs, connected the planet but created jobs along the way. this tech revolution is doing the opposite. these tech companies have market caps of $100 billion and your workers and small companies, brick and mortar. is there any way to reconcile technology having a positive impact on us economically, not in our personal lives of the
10:36 am
fact my smart phone -- creating jobs? >> a lot of that on effects considering. for example apple may have emp 70,000 employees involved in the service sector are around them. there is a lot of at on effect. the sector has been growing 200 times faster than any other part of all labor market. liz: do you specifically seek out women are you just hiring based on merit and the most talented? >> we are hiring based on talent and merit. we do see having a female ceo as a big impact, people applying to teach. many more women applying because they see what a role model for them. we have the great job being able to recruit women from great companies, three women joined in the stages. charles: what exactly do you do?
10:37 am
>> a 1-stop shop for travelers. whether you are winetasting, might even put together a sightseeing tour, you can now go to one place easily discover the things you can do and book the mom line. charles: i know i am going to go somewhere in june, start to set up my agenda, itinerary through the application. >> you can do it on the day as well. people want to use it locally, figure out what to do with the kids on the weekend, wake up saturday morning and pull out the peak apps. charles: technology is all about the rollouts and everything else. the companies, pretty rapidly, would you be open to going public or taking over? >> we have a lot more. charles: if you are thinking of going bungee jumping, thanks a lot. really appreciate it. tech meets washington. a big story and it is next.
10:38 am
companies are branded together and call for surveillance reform, they even hired a lobbyist. what does this mean for the nsa? putting pressure on washington. nicole: it was caught up in this controversy. when the government comes and says we need your support, your assistance based on a national security issue these companies fall into line. google, facebook, they did it because of the national security. and ed snowden the controversy blew up. is focusing on potential terrorists? are they also engaging in domestic surveillance? on my facebook account, on my blackberry. charles: switch back from their own customer. >> that is why they banded together to high price and our house lobbying group to make sure their customers are being protected and can also comply with what the government is asking of them.
10:39 am
charles: what do you think? it is the huge industry, they carry a lot of clout and throwing around. liz: the ambient anxiety about the nsa program whether it affects the tech sector, will the tech sector win? will they get to disclose what comes their way? where the government is demanding more surveillance powers and the level of detail really matters. one of those requests, who was hitting? with the around the world and so forth? is a business concern for yahoo! facebook and google. charles: and olympic legend, gold medal, going to join us live in sochi. we have been seeing unfinished hotel rooms, wild dogs in the street, dangerously contaminated tap water. are these things as out of control as they appear? she will let us know. ♪
10:40 am
♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recaing its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade.
10:41 am
wherever you are with the mobile trader app sometimes they jusdrop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to r reach global markets and drive forward with broader possibilities. cme group: how the world advances. charles: take a look at big names. it goes down $17. and $14 billion in stock, up $7 a share, 519.
10:42 am
it is again today. ibm, cit manufacturing business and responding really well, and a couple analysts jumping on board raising their price target, that is not up 13%, a new high right now. how wall from network, making money on tuesday, hitting a new high, a lot of news and other things, they are up 6725. we will be right back. open to innovation. open to ambition. open to boldids. that's why n york s a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pano taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it.
10:43 am
start a tax-free business at startup-ny.com.
10:44 am
charles: vice president biden is known for saying outrageous things. >> it by blind someone and taken into the airport in hong kong, and take you to la guardia airport, using, must be into a third world country. >> he just compared laguardia airport to a third-world country. he is right on this one. >> i disagree with him on everything. and so many other airports.
10:45 am
and a trillion dollar stimulus, almost a trillion dollars and some much of it improving, only 6% of $1 trillion for infrastructure spending, 6%, that is a disgrace. liz: gets caught up in coney capitalism going on in the state capital. joe biden is right. la guardia has been like this for it 15 years. >> i come back to terminal a, there is no way to walk to terminal a, i am looking stupid. that looks a lot smarter on tv. i went outside, came back in, went outside, finally see one of these terminal buses. i jumped in and said can you drop me off? no problem. off of the airport, we left the
10:46 am
airport, a mile or two away to some distant parking lot. what happened? i forgot. might as well have just walked home. it is embarrassing, extraordinarily embarrassing. we know they are making a pitch for more government spending. the fact of the matter is they are constantly working on it. every time i go to any of these new york city airports there is construction going on. >> how much is the fault of the federal government? charles: the ceo of grocery store chain fairway announcing his retirement yesterday and the stock is taking a beating today. nicole: we are spicy in stocks moving to a new low today, moving down 28%, over 20%, a dollars and $0.68. the ceo has been ceo for two years, will be stepping down.
10:47 am
the president will serve as interim ceo of fair way until they find a successor. fairway complete with whole foods markets, a trader joe's and same-store sales numbers have been weak, they were down 1.7% in the latest quarter. that is not good news. the shorter holiday season hit their numbers but the customer transactions have been up, they are not seeing same-store sales numbers coming through. charles: just not attractive stores. people in new york city love them but not fun, oldfield's so much more. >> i will take them both, go to la guardia and fairway but i know what you mean. charles: thanks. no secret that hollywood and i don't see eye to eye on most things but i have to hand it to matt damon. look at what he posted. i can't make it easy for my kids because that doesn't equip them
10:48 am
to handle the world's what i am not around. you agree with that? liz: matt damon is very common sense. he is saying essentially wants his children to go through life, experience struggles so they get stronger. he also said some things about teachers, he has teachers in his family and seize close-up what is happening with teachers in this country and also in line with what actor ashton culture said about taking responsibility and speaking to young adults. >> and bill murray a couple weeks ago made similar comments about personal responsibility and how you shouldn't rely on -- she was referring to the government but how you should rely on anybody to take care of you, you should be in charge of your life and take responsibility for your own actions. weiner matt damon is a big liberal but especially once you have children and you see them in public school systems or public schools collapse, it gives you a new perspective.
10:49 am
charles: it is a challenge for people who are self-made and successful who came up the hard way and want to do right by their kids often over do it and overindulge them ended is a hard to find a medium. liz: everyone gets a standing ovation kind of culture. matt damon himself is saying he is going through personal struggles, business struggles as well. ashley: charles: we were supposed to have kristy to talk about those problems you are hearing about in sochi and whether those reports are justified. guess what? we are having problems with a live shot from russia because of power each is. you cannot make this stuff out. we will figure it out. we will be right back.
10:50 am
10:51 am
10:52 am
10:53 am
>> all at stake is the future of the republic, the return of prosperity, that is what is at stake in these midterm elections. lou dobbs tonight, who is leading in the polls? will this be a referendum election and who is favored? find out among our guests, congressman tom rice at 7:00 eastern. be sure to join us. charles: we just had matt damon. another parenting issue, should a mom share her bed nightly with her son, her 6-year-old son?
10:54 am
liz: what is the story? absolutely not. this is so odd. why is this even being fought about or questions? charles: talking about the era of the overprotective parents. the mother says the son sleeps with me and husband sleeps on the sofa. liz: no way. charlesap opening ceremonies today. at this moment we are supposed to have kristy yamaguchi but they're having technical issues and a whole bunch of stuff. liz: of parent surveillance video, russian officials meeting surveillance cameras, a quote from the russian official overseeing the olympics we do have surveillance video from the hotels, people turning on the shower directing nozzle at the
10:55 am
wall, and the internet is saying, everything clean you are becoming in the hotel rooms. charles: have you seen these photographs, the rooms are abysmal. the water coming out, you see two glasses of water. liz: this is an olympics where they're spending money to dwarf any prior olympics surpassing $50 billion in spending in this olympics. there was a shortage of pillows in the olympic village. why is there a shortage of pillows at the olympics? charles: $50 billion. the greatest money grab in history. vladimir putin and a couple good friends, billions of dollars from their people that have gone to hospitals, education, robbed of their people blind like never been done in history. liz: a commodity rich country.
10:56 am
the producer said what about greece? here is the thing with the olympics. it was supposed to burnish russia's brand image in the world and it is stumbling a little bit out of the starting gate. charles: only a two week debate. i would tell the viewers to google or if they don't know about the villages and catherine the great, this is almost like that. they tried to put on a facade of a place that is great and to your point to rollout the red carpet and show the world how fantastic russia is, shows you how bad this country is and probably we could go political on this thing and economic policies they had for so many years you can't reverse those. liz: they have a flat tax, we don't. charles: your take on bob costas, vladimir putin, next. being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.
10:57 am
good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be? yours? ah. not anymore. it's a very short story. come on in. [ male announcer ] by meeting you mo than halfway. it's how edward jones makesense of investing.
10:58 am
10:59 am
charles: earlier we discussed bob costas's comments about vladimir putin being a peacemaker in the past year. we ask you what you thought about those comments. here's what you had to say. only bob could make something political out of sports. keep your ideology to yourself and announce the games. michael says this is further confirmation that bob costas will say anything to promote his liberal agenda. i actually decided not to watch the olympics because he is covering them for nbc but i didn't want to listen to radical rambling that has nothing to do with sports. liz: people just want it straight. they want to watch sports just straight without editorializing and i watch the olympics, some of the events are stunning, still wonderful event to watch. charles: we still have the star athletes as well. people train hard every couple years. thanks a lot. let's pass it on to you.
11:00 am
dagen: i am not watching bob costas until his eye infection clears up. blinking that i. before it is contagious through the television. dagen: that is the big in yucca. thank you so much. in january, still lovely week. investors seem to be thinking that the federal reserve will ride to the rescue. a a well changing its retirement benefits blaming higher health-care costs and two distressed babies. the eyes of the world falling on russia as the winter olympics kick off in sochi, so do renewed security concerns. toyota aiming high with a new lineup of off-road pickup trucks. any reason to talk about trucks. that is coming up this our. connell

194 Views

info Stream Only

Uploaded by TV Archive on